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· 5/24/2013

Massachusetts Retirement Systems v. CVS Caremark Corp.

Citations

  • 716 F.3d 229
  • 2013 WL 2278599
  • 2013 U.S. App. LEXIS 10543

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • recognizing importance of alternative theory to prove loss causation absent company’s corrective disclosure
  • recognizing importance of alternative theory to prove loss causation absent company's corrective disclosure
  • although corrective disclosure need not contain “a direct admission that a previous statement is untrue,” there must be some shared subject matter between disclosure and misrepresentation such that disclosure “as a whole, plausibly revealed [problems] to the market”

Source: CourtListener parenthetical corpus (CC0).

Judges: Howard, Souter, Torresen

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.